Wondwossen’s Note: The following report on Ethiopia Commodity Exchange (ECX) and warehouse receipting initiatives in Ethiopia is an output of a cross-country review of agricultural warehouse receipt systems in Eastern African countries and their role in facilitating the development of commodity exchanges. The review is funded by the Common Fund for Commodities (CFC) and carried out by the University of Greenwich Natural Resources Institute (NRI), UK. The Ethiopia case study was conducted between February and June 2012 by J. Coulter Consulting Ltd., based in Bromley, UK, working under contract to University of Greenwich. It attempts to make a before-and-after-ECX comparison and assesses the experience of ECX/WRS in terms of: 1) enabling environment, 2) strategic coherence, and 3) operational arrangements, and makes certain recommendations. “Due to the short duration of the assignment and limited availability of information, some important questions remain to be answered...